Cyber Liability Insurance
Cyber threats are on the rise- and no business is too small to be a target. Cyber liability insurance helps safeguard your operations, covering costs from data breaches, ransomware, and other digital attacks. Stay protected and prepared.
What Cyber Liability Insurance Covers
First-Party Coverage
Protects your business directly when a cyber event occurs:
- Data Breach Response – Covers customer notification, credit monitoring, and crisis PR.
- Data Restoration – Pays for recovering or recreating compromised data.
- Business Interruption – Reimburses lost income due to cyber downtime.
- Cyber Extortion – Covers ransom payments and negotiation costs.
- Forensic Investigation – Pays for expert services to uncover how the breach happened.
Third-Party Coverage
Protects you from claims made by others:
- Legal Defense – Covers lawsuits or regulatory investigations.
- Liability for Data Loss – Protects against claims from customers or partners.
- Regulatory Fines & Penalties – Helps with eligible fines (where allowed).
- Network Security Liability – Covers damages caused to others by your compromised systems.
Optional Add-ons Available
Tailor your policy with extra protection:
- Social Engineering Fraud – Covers phishing and impersonation scams.
- Reputation Management – Helps restore brand image after a breach.
- Media Liability – Protects against defamation, IP infringement, and more.
Why You Need Cyber Liability Insurance
In today’s digital world, one cyberattack can cripple your operations and damage customer trust. Cyber liability insurance helps protect your business from the financial fallout of data breaches, ransomware, and other cyber incidents—whether you’re a small startup or a growing enterprise.
How to Get Cyber Liability Insurance?
Lafaro Insurance Agency has been a trusted insurance counselor in Erie, PA since 1969. We are committed to guiding you with coverage tailored to your needs.